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Consumers wary of buying homes as market confidence fails to recover after election

Released today, the latest BSA Property Tracker survey results reveal that:

- Households continue to worry about the rising cost of living and their ability to save

- Consumer confidence in home purchasing remains subdued

  • Date: 27 September 2017
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The BSA responds to the FCA’s ‘Ageing Population and Financial Services’ paper

The BSA welcomes the publication of the FCA’s Ageing Population and Financial Services paper today.  It represents an important first step by the regulator in encouraging the lending community to respond to the changing demographics by broadening the range of products available to those in or nearing retirement.

  • Date: 21 September 2017
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The BSA responds to the Government consultation 'tackling unfair practices in the leasehold market'

Commenting Paul Broadhead, Head of Mortgage Policy at the BSA said:

“The increase in newly built homes being sold on a leasehold basis is rarely to the benefit of homebuyers, so the Government’s focus on protecting consumers in this area is encouraging...

  • Date: 19 September 2017
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Pressures in the economy challenge homebuyers and savers

Developments in the wider economy are making it more challenging for homebuyers and savers. Building societies continue to support both groups, and maintained a high market share of new mortgage lending and savings in the second quarter of 2017.

  • Date: 14 August 2017
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Cash ISA transfer performance - H1 2017

The Building Societies Association (BSA); the Tax Incentivised Savings Association (TISA) and UK Finance (UKF) committed that for 2017, a minimum of 80% of cash ISA transfers would be completed within seven working days.

  • Date: 04 August 2017
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Savingschampion.co.uk press release

Halfway through 2017, building societies continue to outperform banks in the return that they offer to savers

  • Date: 31 July 2017
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Building societies outperform competitors on customer service

The Building Societies Association commissioned YouGov in July to conduct independent research into levels of customer service at building societies, banks and other providers.

Survey participants with a mortgage or savings account provider, were asked to state whether they agreed or disagreed with seven customer service statements about their providers. The results show that building societies continue to have a significant lead over other providers when it comes to customer service, outperforming their competitors on all seven measures.

  • Date: 31 July 2017
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Consumer confidence in house purchase deteriorates

Short-term uncertainty from the General Election result has caused a deterioration of consumer confidence in the housing market, according to a report from the Building Societies Association out today.

  • Date: 28 June 2017
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Building societies maintain high market-share in subdued mortgage market

Building societies continued to approve one in three new mortgages across the UK in the first three months of 2017, and to provide a third of loans made to first time buyers.

  • Date: 24 May 2017
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New BSA Chairman elected

Jonathan Westhoff, Chief Executive of the West Bromwich Building Society, has been elected Chairman of the BSA.

  • Date: 04 May 2017
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Housing reform critical and needs to top new Government agenda says the BSA

At the Building Societies Association (BSA) annual conference in London today, Chief Executive, Robin Fieth, will call on political party leaders to make housing reform a priority for the next Government.

  • Date: 03 May 2017
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Lengthening the ladder: BSA launches report that shows rise in consumers borrowing in retirement

A new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade.A new study by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade.

  • Date: 03 May 2017
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